Learn truCrowd Illinois

  • How does truCrowd work?

    How does truCrowd work - Entrepreneur Perspective There are few steps that need to completed to have your offering listed and few that need to be completed after the campaign ends. 1. Create your account and certify you are a Illinois resident 2. Create your user profile. Profile that will be see ...

    Sep 04, 2019 18:19
  • Can I leverage the wisdom of the crowd?

    Yes. As an investor, our communication tools allow you to start, join or follow discussions about offerings on our platform. If you feel undecided or would like other opinions on a matter you can simply ask other investors. You may gain insight you would not have conjured up on your own. You can us ...

    Dec 31, 2015 03:23
  • How long does it take to raise money with truCrowd Illinois?

    Each offering has a listing period of 60 or 90 days. The offering will be first listed on the platform for a 21 days (cool off period). During this time it will be visible to all potential investors though no investments are accepted. The 21 days cool off period it is not included into the 60 or 90 ...

    Jul 24, 2019 20:20
  • Can truCrowd Illinois help with legal docs for my Regulation Crowdfunding offering?

    Yes. We have created templates with instructions for all mandatory documents: Disclosure Statement and Summary of the Offering. We also offer step by step personalized guidance over phone or e-mail. ...

    Jul 24, 2019 20:20
  • How does truCrowd Illinois ensure the privacy and safety of user information?

    We use a powerful 2048-bit SSL encryption as well as Extended Validation to protect the privacy and safety of all users. The Certification Authority/Browser (CA/B) Forum and the National Institute of Standards and Technology have determined that any key length below 2048-bit is no longer strong enou ...

    Dec 31, 2015 03:22
  • Summary of the Offering

    The Summary of the Offering is a document required by law and provide potential investors a brief overview allowing to determine the general attributes of your offering. Below are the instructions you need to follow to complete the Summary of the Offering. 1. Elevator Pitch Provide a brief descri ...

    Dec 31, 2015 03:22
  • How much am I allowed to invest?

    According to the Illinois Secretary of State, any Illinois resident can invest up to $5,000/year in every company he wants to own shares. The investor can invest in as much companies as he wants/year. While the law doesn't impose a lower limit the entrepreneur is allowed set up a minimum investment ...

    Dec 31, 2015 03:04
  • What is truCrowd Illinois?

    truCrowd is one of the first equity crowdfunding platforms approved in Illinois. It brings together non-accredited investors from Illinois and Illinois based entrepreneurs in a secure and supportive environment. We provide entrepreneurs access to almost 7.6 million non-accredited Illinois investors ...

    Dec 31, 2015 03:04
  • How much money can I raise through truCrowd Illinois?

    An eligible crowdfunding entrepreneur may raise a maximum of $2,000,000 in a 12-month period, and $4,000,000 million per year if issuer provides independently reviewed and officer certified financial statements from the general public Illinois investors. ...

    Dec 31, 2015 03:03
  • What companies can raise capital through truCrowd Illinois?

    Any startup that is organized and authorized to do business in Illinois are welcome to use truCrowd Illinois. Excludes investment companies, SEC reporting companies, and blank check companies. ...

    Dec 31, 2015 03:03
  • Disclosure Statement

    ?Specific Required Disclosures Following four statements will appear on the Disclosure Statement of each offering. (a) Identifying information about, and description of, the issuer; (b) Restrictions on transfer; (c) Intended use of proceeds; (d) Risks to purchasers; (e) Terms of Securities 1. Risk ...

    Dec 31, 2015 03:03
  • What is truCrowd Illinois?

    truCrowd is a funding portal under Illinois Intrastate Crowdfunding Exemption that brings together non-accredited investors from Illinois and Illinois based entrepreneurs in a secure and supportive environment. It brings together non-accredited investors from Illinois and Illinois based entrepreneur ...

    Dec 31, 2015 03:01
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